Waterway Industries issued at a premium of $11400 a $195000 bond issue convertible into 3100 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4500, the market value of the bonds is $215000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common what is the amount of paid in capital in excess of par to be recorded on the conversion of the bonds? O $133000 $137500 O $157500 O $144400